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Yes Bank Gearing Up To Take Over HQ Of Reliance Group
By: Tupaki Desk | 30 July 2020 2:10 PM GMT
Reliance Group Chairman Anil Ambani is going through one of the toughest times as his businesses faced severe losses and many banks who lent him money are behind to pay back the loan amount.
Now it is believed that Yes Bank took over the Reliance Group's headquarters which is located in Santacruz area of financial capital Mumbai. This development came after he failed to pay back the loan he took from the Yes Bank. The loan amount is worth Rs 2,892 crore.
Earlier, the Yes Bank has taken over the possession of three properties that belong to the Reliance Group on the 22nd of July with the company failing to pay back the loan amount after receiving the notice.
Some media reports claim that the private bank took over two more falts in South Mumbai with the Reliance Group not paying back the dues to the bank.
Interestingly, all the ventures started by Anil Ambani suffered severe losses while his brother Mukesh Ambani is getting richer and richer as his Reliance Industries Limited (RIL) making huge profits.
Now it is believed that Yes Bank took over the Reliance Group's headquarters which is located in Santacruz area of financial capital Mumbai. This development came after he failed to pay back the loan he took from the Yes Bank. The loan amount is worth Rs 2,892 crore.
Earlier, the Yes Bank has taken over the possession of three properties that belong to the Reliance Group on the 22nd of July with the company failing to pay back the loan amount after receiving the notice.
Some media reports claim that the private bank took over two more falts in South Mumbai with the Reliance Group not paying back the dues to the bank.
Interestingly, all the ventures started by Anil Ambani suffered severe losses while his brother Mukesh Ambani is getting richer and richer as his Reliance Industries Limited (RIL) making huge profits.
